Do you plan to buy a new house? Call SteveKnowsLoans now to learn more about our 3% Down payment for First Time Buyers choices before you take any further action.
Did you know that a 3% Down payment for first Time Buyers will get you into a home today? SteveKnowsLoans is an industry leader in providing access to low- or no-down-payment mortgage options for first-time buyers through Fannie Mae, Freddie Mac, and the Federal Housing Administration.
Advantages of our Fannie Mae Mortgage Program include:
- Lending at a 97% Loan-to-Value (LTV)
- You can qualify even with a 620 FICO credit score.
- Only for use as a primary residence
- Able to be used for both rate and term refinancing and brand new purchases
- First-time buyers are the only ones eligible for this offer.
- The highest loan amount you can get is $417,000.
The following kinds of homes qualify for this program:
- Single-family attached or detached PUD condo.
- One-Family House
- We now have an FHA program in addition to our Fannie Mae 97% Financing Program. For borrowers whose FICO credit score is lower than the 620 required by our Fannie Mae program, or for those who prefer not to live in a single-family house, our program is ideal. Borrowers with credit scores as low as 580 are welcome to apply for our FHA program.
The Federal Housing Administration Mortgage Program provides:
- 96.50% Loan-to-Value Financing (with a 3.5% down payment).
- Credit scores as low as 580 FICO are accepted for these loans.
- Only for use as a primary residence
- Able to be used for both rate and term refinancing and brand new purchases
- First-time buyers are the only ones eligible for this offer.
- The highest loan amount you can get is $417,000.
The following kinds of homes qualify for this program:
- Single-family attached
- detached PUD condo.
- Multi-Family Home With One To Four Units
Here at SteveKnowsLoans, we are well-versed in all aspects of 97% financing. With our assistance, you’ll be able to buy a house with a minimal initial investment. Contact SteveKnowsLoans today before taking any further action related to the purchase of a property or the refinancing of an existing mortgage.
Call Steven Jackson at 813-616-9411 now!
